From kpmg.com: Australia has implemented new sustainability reporting standards effective 1 January 2025 for Group 1 entities, based on the IFRS Sustainability Disclosure Standards.

The Australian Accounting Standards Board has issued two key standards: AASB S1, a voluntary standard, and AASB S2, a mandatory standard for climate-related disclosures.

Relevant entities must disclose climate-related risks and financial opportunities, following a phased approach that culminates in full reasonable assurance of disclosures by July 2030.

Filed under: Business ESG

Leave a Comment